China reports better-than-expected retail sales and industrial production data
The data comes after a flurry of recent announcements from authorities as Beijing seeks to boost consumption and support its flagging real estate sector.
Asia
The changing face of India’s rich
The Tatas, Ambanis and Adanis have long been the face of India’s wealthy population. That is changing as India’s rich populace gets a new identity.
IMF chief warns ‘not yet time to celebrate’ as low growth and high debt weigh on global economy
The head of the International Monetary Fund cautioned on Thursday that high government debt and low growth remained major impediments to the global economy.
TSMC third-quarter profit beats expectations as AI boom drives 54% hike
TSMC, the world’s largest producer of advanced chips, posted a 54% hike in third-quarter profit.
China pledges more financial support for ‘whitelist’ real estate projects
Ni Hong, China’s minister of housing and urban-rural development, made the announcement at a press conference on Thursday.
ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing tools to China will impact its sales in the Asian country.
Hong Kong leader announces measures to address housing crisis
Hong Kong Chief Executive John Lee announced a series of measures aimed at addressing the city’s housing affordability crisis during an annual policy address.
Tokyo Metro’s IPO could drive momentum in the Japanese market as Chinese listings dry up
“We think they’re offering very, very good value,” Mio Kato, founder of LightStream Research, told CNBC.
Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
Nvidia’s gains in share price lifted its market value to top $3.4 trillion, unseating Microsoft as the second most valuable company on Wall Street.
UK trade deals with India and Gulf nations are ‘the priority,’ business minister says
The U.K. said Monday that securing deals with India and Gulf nations remains “the priority” for Labour’s free trade agenda, with talks between Britain and the Gulf Corporation Council expected to resume as soon as next week.